Best Credit Cards in Canada for 2024

Best Credit Cards in Canada!

BHM Financial Group annually audits and evaluates Canada’s top credit cards, streamlining your search for the ideal card that aligns with your personal spending habits. We simplify the process, making it effortless to identify the best credit card in Canada tailored to your needs.

Our prestigious annual awards showcase the industry’s leading credit card rewards programs, highlighting the finest perks, benefits, and insurance coverage, all conveniently categorized. Employing our Best of Finance methodology, we meticulously analyze over a hundred credit cards to select the top contenders. Each card undergoes a thorough comparison, where miles and points are converted into cash value to ensure a fair and objective ranking. Our team meticulously evaluates various factors, including interest rates, welcome bonuses, annual fees, rebates, and waivers, diligently examining the fine print on your behalf.

Best overall cash-back card

Scotia Momentum® Visa Infinite* Card

Annual Fee

$120 Waived first year

Interest Rates

20.99% / 22.99%

MBNA True Line® Mastercard® credit card today
Best overall cash-back card

MBNA True Line® Mastercard® credit card
Annual Fee

$0

Interest Rates

12.99% / 24.99%

Scotiabank Platinum American Express® Card
Best overall cash-back card

Scotiabank Platinum American Express® Card

Annual Fee

$399

Interest Rates

2x Points

RBC ION
Best overall cash-back card

RBC ION+ Visa Credit Card

Annual Fee

$48

Interest Rates

20.99% / 22.99%

American Express® Aeroplan® Reserve Card
Best overall cash-back card

American Express® Aeroplan® Reserve Card

Annual Fee

$599

Interest Rates

20.99% / 21.99%

American Express® Business Edge™ Card
Best overall cash-back card

American Express® Business Edge™ Card

Annual Fee

$99

Interest Rates

20.99% / 21.99%

KOHO Prepaid Mastercard
Best overall cash-back card

KOHO Prepaid Mastercard (Extra Plan)

Annual Fee

$84

Interest Rates

N/A

BMO CashBack® Mastercard® for Students
Best overall cash-back card

BMO CashBack® Mastercard®* for Students

Annual Fee

$0

Interest Rates

20.99% / 22.99%

Neo Secured Credit
Best overall cash-back card

Neo Secured Credit

Annual Fee

$0

Interest Rates

19.99%-29.99% / 22.99%-31.99%

CIBC-Aventura-Gold-Visa-Card
Best overall cash-back card

CIBC Aventura® Gold Visa* Card

Annual Fee

$139 (waived first year)

Interest Rates

20.99% / 22.99%

Scotiabank Gold American Express® Card
Best overall cash-back card

Scotiabank Gold American Express® Card

Annual Fee

$120

Interest Rates

20.99% / 22.99%

MBNA Rewards
Best overall cash-back card

MBNA Rewards World Elite® Mastercard®

Annual Fee

$120

Interest Rates

19.99% / 24.99%

CIBC-Dividend-Cashback
Best overall cash-back card

CIBC Dividend® Visa Infinite Card

Annual Fee

$120 (waived first year)

Interest Rates

20.99% / 22.99%